The MD of the German Banking Association dismisses the ECB’s corporate bond buying scheme
"The latest measures mean that the ECB is expanding its crisis mode – in the present situation, this certainly doesn’t create more confidence and more willingness to invest. Quite the contrary, by stressing that interest rates are going to remain low for some time or even fall, the ECB is causing many investors to play a waiting game," Mr Kemmer said.
German bank assoc says there will be no positive effects from ECB corp bond purchases
